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Convenient Store For sale in London Leasehold

Undisclosed, London
Status
FOR SALE
Advert ID
240140
Reference
1039 / Rightbiz
Leasehold Price: £125,000
Features
Electric shutters to SINGLE FRONTED SALES SHOP in the region of 1,100 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, ice cream deep freezer, glass topped display deep freezer, 3.75m open cool display units, greeting card display spinner etc.

Rear storage area
Basment of 1,000 sq. ft.
Staff w.c. & wash hand basin
Turnover
WE ARE INFORMED the turnover currently averages £8,000 p.w. / £9,000 p.w, in our opinion offering tremendous potential for further increase in the right hands.  We are further advised that the gross profit is in the region of 24%.
Staff
The business is at present operated by 2 Full Time staff with the assistance of additonal part time staff if required on certain days.
Trading Hours
7:30 a.m. - 12:00 a.m. seven days per week
Accommodation
The SPACIOUS living accommodation in the form of a SELF CONTAINED HMO STYLE FLAT over, is at present used for single let use.
The FLAT comprises:

4 bedrooms 
Partly tiled bathroom with bath, w.c. & wash hand basin
Fitted kitchen


Tenure
We understand the entire premises are held on a secure renewable lease from a private landlord, the present lease expiring in next 3 years (landlord willing to give a new 15/20 year lease upon request) at a current rental of £28,000 p.a. 

Business Rates: £4,800 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR TE PAST YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£30,000 approx).

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Listing Details
Location: Undisclosed, London
Sector: Convenience Stores
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Advert Reference: 1039 / Rightbiz

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